Banking professor Teodoro Cocca from the University of Linz explained in an interview with the AWP news agency that the bank now needs at least some of the SNB’s liquidity in order to be able to cope with the “probably significant outflow of customer deposits”. In addition, Credit Suisse was probably no longer able to obtain sufficient liquidity on the market because the other banks no longer trusted it, said the banking expert.
Related posts:
Trader's Week: Fear of the Fed continues to terrorize world stock markets
TSMC's share price fell 17 yuan in just one week and its market value fell by 440.8 billion yuan
Lille: Dembélé should find the starting lineup
Moto, never buy this model: you risk your life every day | If you have it, sell it - solomotori.it
